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Gold $3,119.52 $38.22 1.24% Silver $33.95 $(0.1) -0.29% Platinum $999.57 $17.32 1.76% Palladium $993.20 $23.1 2.38%

PPI comes in hotter than expected

PPI comes in hotter than expected

U.S. PPI +0.3% in Jan, above expectations of +0.1%, vs downward revised -0.2% in Dec; 0.9% y/y, down from 1.0% in Dec.

Core +0.5%, above expectations of +0.2%, vs downward revised -0.1% in Dec; 2.0% y/y, vs revised 1.7% in Dec.

Gold has softened in reaction but remains confined to yesterday's range. 

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